The Company has entered in to a Channel Business Arrangement with HDFC Bank Limited to compete with the big players in the market and also to expand the Company’s Customer base.
Under the arrangement, IKF assumes the responsibility of identifying and selecting the prospective Borrowers who intend to purchase Commercial vehicles in accordance with the broad guidelines issued by the Bank along with the Asset / Collateral Monitoring and collection responsibility.
The Company has been continuing its association with HDFC from 2004 onwards and has disbursed Rs.500 Crors so far. |